Nuveen and Nuveen Green Capital (NGC) have introduced the Nuveen CPACE Lending Fund, aimed at granting insurers access to a diversified assortment of environmentally friendly projects, including energy efficiency, climate resilience, water conservation, and renewable energy. The fund will be managed by NGC
Six insurers have joined as initial investors. The fund aggregates financing for commercial property-assessed clean energy (C-PACE) projects, offering insurers a capital-efficient route to investment-grade clean energy assets.
“The Nuveen CPACE Lending Fund is an exciting evolution in the C-PACE industry and sustainable real estate financing, broadly,” said Alexandra Cooley, CIO of NGC. “The strategy invests in projects that reduce the environmental impact of buildings by increasing energy efficiency. This lowers operating expenses for businesses, helping them to compete locally and globally, and benefits local communities through the creation of jobs.”
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.